XPO, Inc. $XPO Shares Purchased by BNP Paribas Financial Markets

BNP Paribas Financial Markets boosted its position in XPO, Inc. (NYSE:XPO) by 28.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 439,175 shares of the transportation company’s stock after purchasing an additional 97,163 shares during the period. BNP Paribas Financial Markets owned about 0.37% of XPO worth $59,688,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Toth Financial Advisory Corp increased its holdings in XPO by 100.0% in the fourth quarter. Toth Financial Advisory Corp now owns 200 shares of the transportation company’s stock valued at $27,000 after buying an additional 100 shares in the last quarter. Elyxium Wealth LLC purchased a new position in XPO in the fourth quarter valued at about $28,000. Torren Management LLC purchased a new position in XPO in the fourth quarter valued at about $37,000. Horizon Investments LLC purchased a new position in XPO in the third quarter valued at about $39,000. Finally, International Assets Investment Management LLC purchased a new position in XPO in the fourth quarter valued at about $41,000. Institutional investors and hedge funds own 97.73% of the company’s stock.

Insider Transactions at XPO

In related news, Director Allison Landry sold 2,400 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $215.61, for a total transaction of $517,464.00. Following the sale, the director owned 4,849 shares in the company, valued at approximately $1,045,492.89. This trade represents a 33.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.87% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on XPO shares. BMO Capital Markets set a $230.00 target price on shares of XPO in a report on Thursday, February 19th. Raymond James Financial reaffirmed an “outperform” rating and issued a $233.00 target price on shares of XPO in a report on Friday, May 1st. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of XPO in a research note on Friday, February 6th. The Goldman Sachs Group reissued a “buy” rating and set a $220.00 price objective on shares of XPO in a research note on Thursday, April 30th. Finally, Wall Street Zen raised shares of XPO from a “hold” rating to a “buy” rating in a research note on Saturday, February 7th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, XPO currently has a consensus rating of “Moderate Buy” and an average price target of $211.33.

XPO Trading Down 2.1%

Shares of XPO opened at $216.67 on Wednesday. XPO, Inc. has a 1-year low of $112.00 and a 1-year high of $231.46. The firm has a 50 day simple moving average of $207.31 and a 200-day simple moving average of $178.13. The stock has a market cap of $25.44 billion, a price-to-earnings ratio of 74.20, a price-to-earnings-growth ratio of 2.59 and a beta of 1.83. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.99 and a quick ratio of 0.99.

XPO (NYSE:XPO) last announced its earnings results on Thursday, April 30th. The transportation company reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.12. XPO had a net margin of 4.19% and a return on equity of 26.21%. The firm had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.04 billion. During the same quarter last year, the business earned $0.73 earnings per share. XPO’s revenue was up 7.3% compared to the same quarter last year. Equities analysts forecast that XPO, Inc. will post 4.84 EPS for the current fiscal year.

XPO Profile

XPO Logistics, Inc is a global provider of transportation and logistics services, offering a broad portfolio of solutions designed to optimize supply chains for businesses of all sizes. The company’s operations span freight brokerage, less-than-truckload (LTL) shipping, full truckload transportation, last-mile delivery, contract logistics and global forwarding. XPO aims to leverage advanced technology and operational expertise to drive efficiency, visibility and reliability across end-to-end supply-chain networks.

In its freight brokerage segment, XPO connects shippers to a network of carriers through digital platforms that facilitate rate comparisons, booking, tracking and settlement.